There is no need to worry about anything like ‘too big to fail’ because the fact is, the property sector only represents a small portion of Hong Kong's economy and bank loa ...
Hong Kong’s asset management industry hits near-record US$4.5 trillion on massive inflows
The city continues to be a top cross-border wealth centre, with non-Hong Kong investors contributing 63 per cent of assets under management.
Chinese AI firm MiniMax files confidentially for Hong Kong IPO, sources say
Chinese AI startup MiniMax has filed confidentially for a Hong Kong initial public offering, targeting a valuation of over $4 billion in the float, which could happen before the end of this year, ...
Hong Kong wealth, fund assets hit HK$35.1 trillion as inflows surge
HONG KONG] Hong Kong’s assets under management across its asset and wealth management industry rose 13 per cent to HK$35.1 trillion (S$5.7 trillion) as inflows surged last year, underscoring a ...
BOC seizes P304-M illegal drugs in separate ops at NAIA
The Bureau of Customs-Ninoy Aquino International Airport (BOC-NAIA) seized over 44 kilograms of suspected shabu worth over PHP304 million in two separate interdiction operations at Terminal 3 in Pasay ...
Alibaba-Backed Chinese AI Startup Files for Hong Kong IPO
MiniMax has confidentially filed for an initial public offering in Hong Kong, according to people familiar with the matter, signaling the onset of a race among China’s generative AI startups to tap ...
BOC seizes nearly P2M in undeclared cash from passenger bound for Hong Kong
CUSTOMS authorities have confiscated P1.199 million in undeclared local currency from a 26-year-old male passenger bound for Hong Kong, citing a violation of th ...
Citi to boost Japan investment banking headcount up to 15%, executive says
Citigroup plans to raise its investment banking headcount in Japan by 10% to 15% over the next year and make new hires in Australia, as part of its strategy to bolster growth in the Asia Pacific, its ...
What is Hong Kong’s allure for China’s tourists? Financial service …
Hong Kong companies have reason to be optimistic about the return of Greater Bay Area’s (GBA) affluent tourists, but McKinsey & Company cautions that the city no longer is the no-brainer ...
Lawmakers Dismiss McKinsey’s Apology on Opioid Crisis as ‘Empty’
McKinsey stopped advising opioid manufacturers in 2019 and agreed to pay about $600 million to settle investigations by state attorneys ... He was previously a correspondent in Hong Kong, ...
Hong Kong fights carry trade pressure with US dollar sales to maintain currency peg
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Hong Kong stocks lifted by Nvidia rally on mixed day in Asia
Tech firms led another rally in Hong Kong stocks Wednesday after US titan Nvidia said it would resume exports of key chips to China after Washington pledged to remove licensing curbs.
Hong Kong stocks power up on Nvidia resuming chip sales to China
US firm receives assurance from Washington that the company will be granted an export licence to sell H20 chips to China.
Chinese AI Startup MiniMax Files for Hong Kong IPO, Sources Say
MiniMax has confidentially filed for an initial public offering in Hong Kong, according to people familiar with the matter, signaling the onset of a race among China’s generative AI startups to tap ...